Apple to Invest $1 Billion in Sharp Displays for iPhone, iPad?

These devices might be awesome, but they're not worth your internal organs.

Following recent issues with iPad displays from LG Display, which has forced the company to turn to rival Samsung, Apple is said to be considering a $1 billion investment in Sharp to secure touch screens for the iPhone and iPad.

MF Global Securities analyst David Rubenstein recently issued a note, outlined by Reuters, in which he writes:

“We think it is highly possible that Apple will make an investment in Sharp’s Kameyama plant to the tune of around $1 billion in order to secure a stable supply of screens for iPhones and iPads.”

An investment in Sharp could increase Apple’s orders from Japanese manufacturers, with an investment in a new LCD factory for Toshiba also rumored to be going ahead. But more importantly, it signifies yet another move away from Samsung, which is currently embroiled a number of legal spats with the Cupertino company that has recently seen the Samsung Galaxy Tab 10.1 pulled from sale in Australia and Europe.